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Freckles has a production function q=2L+K. If the price of labour is $8 and the price of capital is $5, how much will it cost
Freckles has a production function q=2L+K. If the price of labour is $8 and the price of capital is $5, how much will it cost Freckles to produce 70 units of output? O a) $350 b) $1,470 O c) $280 O d) $910
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